• Shibarium is launching, raising hopes that the SHIB token price will increase.
• A whale investor has transferred $9.6 million in cryptocurrencies, including 270 billion SHIB tokens.
• Rumors suggest that the investor may be liquidating to compensate its creditors, which could affect the SHIB price.

Shibarium Launch Raising Hopes

The upcoming launch of Shibarium is raising high hopes in the Shiba Inu community that the SHIB price will rise due to an expanded use case beyond a meme coin.

Whale Investor Transfers Cryptos

However, a known SHIB whale could derail the hoped-for price rally. As one of the industry-leading blockchain security companies PeckShield reported via Twitter today, bankrupt crypto lender Voyager has moved some of its crypto holdings. According to PeckShield, about $9.6 million of cryptocurrencies were transferred from Voyager to crypto exchanges Coinbase, Binance US, and Kraken. Among them were around 4.9 million VGX ($2.1 million), 221,000 LINK ($1.5 million), 3,050 ETH ($3 million), and also 270 billion SHIB, equivalent to around $3 million.

Voyager still holds 6.8 trillion SHIB which is equivalent to around $82 million and makes Voyager the 18th largest whale of Shiba Inu and a potential threat to the SHIB price if these tokens are sold at some point in future.

Rumors Of Liquidation

Rumors are circulating on Twitter that Voyager may want to profit from the recent market rally and liquidate altcoins for compensation for its creditors which can push down sharply on SHIB prices.

Shiba Inu Price Remains Unaffected

Whether or not these rumors will come true remains unseen as there is opposition from various government regulators like SEC and CFIUS and approval by majority of Voyagers‘ creditors is also needed for any deal.

At least at press time Shiba Inu prices showed no signs of major sell off as it was trading with 4% up in last 24 hours.

BitStarz Player Lands Record Win!

Don’t wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today! 570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day only at Wild io play now! BitStarz Player Lands $2459124 Record Win! Could you be next big winner?

Von admin